16 Comments

    • Yup. And squabbling over a few dollars isn’t going to make me rich or amend all the wasted money. I think it would be different if I was looking to do this as a career. I just want less stuff!

  1. Maureen

    Good strategy. I for one have decided to close my closet with almost 140k followers and over 1200 sales I’m just tired of it all the sharing and the constant issues with buyers. I just feel like it’s a huge time suck and people do t want to pay much for anything these days. I joined in 2013 and used to do really well on here to the point I sourced hundreds of items to keep up woth demand. I also found that smaller sizes do not sell well at all. If anyone knows of a platform for that I’d love to know. Thx for posting!

  2. I’ve noticed too there is just so much more supply on Poshmark now as the user base expanded. Buyers have more options, if they don’t like the price they’ll buy something else or find the same exact article of clothing and buy from whomever has the best price.

  3. Oh lordy, Poshmark is an interesting place. I buy on there and I assume that the offered price, or the discount they send after I’ve liked the item is a fair price. So many sellers “suddenly discovered it was the wrong listing” when I accepted their price. Ma’ams! Just list a truthful price and be done. I’m not here to play games. I’m trying to find the hot pink trousers in my size. And no, I don’t want to bundle something from your closet or an extra “thank you” with my purchase. I just want the item I picked. Sigh.

  4. Mike

    Here’s another thing as a buyer on Poshmark. If you don’t like or want to negotiate a price then this site isn’t for you. For me, the offer button opens up negotiating. The first price I offer may be a lowball offer but that is the lowest price I will pay. I expect you will come down further and I will counter higher.

  5. Rachael

    I really like this article! I sell on Poshmark mainly because I hate to give away nice clothes and things for free. I definitely do more shopping than selling on Poshmark and selling is simply a way to support my shopping habit.

    I don’t give lowball offers, but 99% of the time I give an offer instead of buying outright. It’s a huge turn off when sellers will post things like “Lowball offers will be blocked”. Blocked? Really? I get lowball offers too and understand how it can be annoying, but is it that hard to hit the decline button? I just don’t understand why people get so outraged about it.

    But I think it’s smart for you to remember your purpose of selling and remember that your pricing should not be based on what you paid for it, but what it’s worth. People will sell something for a ridiculous price (imo) when I go on the website and find the same item for less money. Now that Poshmark is required to collect sales tax and the shipping costs have risen, I have to add on average another $10 to my purchase which makes me rethink the purchase altogether and if I’m really saving money.

    Also (sorry I know this is going long) there is a risk associated with many items…will it fit me? am I going to like the color? will I actually wear this? Etc. So in financial terms, there is a discount associated with the risk. If it’s a brand I know and I know the sizing well etc, I will pay more because I know what I’m getting. But it it’s an item that I’m taking a gamble on the fit, color, quality, etc. I will expect to pay less for that item. These are basic financial concepts that apply to many other aspects of life.

    Anyway, all of that to say, I really liked your article!

  6. Erin

    Your article made my day. I’m a seller of the decluttering variety and a buyer. Frankly, I don’t think of Poshmark as a fancy department store. Most items are used and need to be appropriately priced. That does not mean only 20% off because you wore the item once. It’s more like half off and then some. The car analogy is perfect. The second you drive a new car off the lot, it depreciates like hell. The second you take the tags off and wear the item, it depreciates like hell. You’ll love this. Last night, I made a 40% off offer on a top. Instead of countering, the seller blackballed me, i.e., blocked me. The thing is, I was in the process of offering her full price on an identical item in a different color to make up the difference. I’m new and didn’t know how to use the bundle feature. But she blocked me so fast, I couldn’t make the other offer. As you used to do, she took the lowball offer personally. She lost hundreds of dollars from me for her NWT Free People stuff by being arrogant. Of course I was hopeful I’d get a good deal, but more along the 20% off line when the two items were looked at as a whole. Because she took it personally, she also lost plenty of future sales. I love Free People because they are one of the only designers that sells 100% cotton. I’m allergic to synthetic, and Free People is her brand. Poshmark is a business platform. Feelings have no place. Don’t blackball someone, counter. As a seller, my Old Gringo boots that no longer fit are doing no good stuck on the top shelf of my closet. Half off plus 20% off that is my starting point. Lowball me all day long. Just make an offer. I don’t have to take it. But I just might.

    • Thanks for the comment, Erin! I definitely think the threats on Posh are so over the top. It’s the whole point of the “offer” option, isn’t it? Good luck selling!

  7. Ann

    My reaction varies. I try to price with a 20-25 percent cushion to allow for offers and cleanouts and still make a bit of money. I personally would never offer more than 25 percent off the asking price but that is me.

    If I open the closet on a lowball offer and see nothing, I will counter as it is likely someone who will meet in the middle. In some cases for lower end items I will flat out accept and did that with a belt and a tee shirt this past week. I had one with a story about not being able to afford right now; explained that the risk of losing a NWT item is there as it was in demand (23 likers) and a good price. She wound up blocking herself as there is a limited number of offers you can make apparently and we went past it. Someone else bought it at the list price.

    Recently, I private offered a Prada bag that was already 40 percent off my original price (and that was 70 percent off retail; my original price was less than others are asking.) I got a lowball offer which was almost 50 percent off the offer. Upon opening her closet, I see a ton of used Coach, DB and MK bags for 50 to 100 dollars more than what she offered me for the Prada. I auto declined on that one. Got a 60 percent off lowball on a pair of Tory Burch boots. I countered with the offer price as that was the lowest I would let them go at. It was a closet full of nice stuff as well at higher prices. I heard nothing.

    Once my absolute lowest price is established with no buyers I delete and relist, regardless of losing likers. If the likers were serious buyers they would have pulled the trigger.

    Blocking–only did once on a buyer with a return item she said was “filthy and covered with cat hair”. I don’t have a cat so I knew it was a BS excuse for “didn’t fit me”. I got the return (it had blonde hair on it–I am also not blonde) washed and relisted it; sold a week later and the person loved it. A “bad” offer is no reason to block.

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